Market Report U.S.

US Hotel Occupancy Up 5.0% to 70.6% Week Ending August 23rd - 2014

The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 17-23 August 2014, according to data from STR.

In year-over-year measurements, the industry's occupancy rate rose 5.0 percent to 70.6 percent. Average daily rate increased 5.4 percent to finish the week at US$116.13. Revenue per available room for the week was up 10.7 percent to finish at US$82.04.

Five markets experienced RevPAR increases of more than 20.0 percent: Atlanta (+35.8 percent to US$64.20); Minneapolis (+27.0 percent to US$105.89); Detroit (+26.4 percent to US$70.34); Nashville (+23.2 percent to US$86.81); and Tampa/St. Petersburg, Florida (+20.5 percent to US$63.38). None of the top markets reported a RevPAR decrease for the week.

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